Telegram ICO Public Phase to be hosted on Cryptocurrency Exchange Liquid

Liquid Cryptocurrency exchange intends to become the first exchange to host Telegram’s Gram tokens at the time a public sale will be announced.

Although the encrypted messaging app has not released any official statement pertaining to the move, confirmation of the intention was provided during the June 11 press release.

Last year, Telegram Open Network (TON) project — in which $1.7 billion was raised towards Gram’s private initial coin offering (ICO) — made Telegram to attract a lot of international attention.

An unofficial TON channel has suggested that Liquid might be capitalizing on the unreleased token hype, but investors need to wait for Telegram’s official communication.

Many people did not think that a public phase would follow after Telegram launched its ICO. However, before October’s full sale, Gram Asia — the largest Gram holder organization — intends to offer an undisclosed number to the market.

“We share the vision for a more secure and open value transfer system in order to enable the mainstream adoption of cryptocurrencies,” said Mike Kayamori Liquid CEO in the press release.

He added:

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“The TON Blockchain infrastructure can help enhance Telegram’s current capabilities as a peer to peer network of value, with the launch of their cryptocurrency light wallets for Telegram’s highly engaged user base.”

A raft of stringent measures is usually levied to initial public sale participants.

Until October, participants will not be able to trade grams — but USDC stablecoin will be tradable — and after that time, citizens from a number of countries will be held back because of regulatory reasons.

Only two weeks have passed since the TON client testnet version was released. For Telegram to unveil this version, it had to carry an extensive development process.

In the crypto industry, Telegram was regarded as a go-to platform for messaging and building initiatives in the ICO community since it has a successful non-blockchain product.